Patterson-UTI Energy About To Put More Money In Your Pocket (PTEN)
Looking at the universe of stocks we cover at Dividend Channel, on 3/3/25, Patterson-UTI Energy Inc. (Symbol: PTEN) will trade ex-dividend, for its quarterly dividend of $0.08, payable on 3/17/25. As a percentage of PTEN’s recent stock price of $7.90, this dividend works out to approximately 1.01%, so look for shares of Patterson-UTI Energy Inc. to trade 1.01% lower — all else being equal — when PTEN shares open for trading on 3/3/25.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PTEN is likely to continue, and whether the current estimated yield of 4.05% on annualized basis is a reasonable expectation of annual yield going forward.
The chart below shows the one year performance of PTEN shares, versus its 200 day moving average:
Looking at the chart above, PTEN’s low point in its 52 week range is $7.15 per share, with $12.65 as the 52 week high point — that compares with a last trade of $8.11.
Free Report: Top 8%+ Dividends (paid monthly)
In Thursday trading, Patterson-UTI Energy Inc. shares are currently off about 2.6% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
